AI solutions built to optimize the entire
insurance value chain
The traditionally document-heavy processes of the insurance industry are becoming increasingly digitized, enabling exciting new opportunities to derive more meaningful insights from historical data.
The way insurers do
business is evolving
As the industry landscape evolves, insurance service providers need access to solutions that are both built with their industry’s unique challenges in mind and capable of adapting to their processes and business objectives in order to remain profitable and deliver on ever-changing customer expectations.
INSURANCE AI SERVICES
services & capabilities
Increase Processing Claims
AI capabilities, deployed through the Synnect, can be applied across the claims lifecycle. Upon receiving an FNOL or FNOI, for example, Document Entity Extraction is leveraged to more rapidly and accurately process the data contained in the supporting documents.
Optimize Underwriting Processes
Insurance service providers looking to get more out of their teams and increase submission throughput can leverage AI capabilities, such as Ensemble Models, which enable insurers to automatically decline submissions for businesses outside of their risk appetite.
Leveraging our Explainability capability, insurance service providers can deploy AI-powered pricing algorithms that contribute to the compliance with these new filing and regulatory requirements.